Announced
Financials
Sources
Tags
Majority
Single Bidder
Friendly
Private Equity
Private
Pending
power generation
Conventional Electricity
United States
Acquisition
Synopsis
LS Power, an investment company, agreed to acquire Panda Hummel Station, a clean natural gas fueled, 1,124-megawatt combined-cycle generating facility, from Panda Power Funds. Financial terms were not disclosed. The transaction is expected to close in the third quarter of 2020, pending receipt of necessary regulatory approvals and third-party consents.
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